Assistance with GST registration, monthly/quarterly tax calculations, input tax credit (ITC) reconciliation, and return filing with the GST Department.
Businesses and service providers with annual turnover exceeding the threshold limit (INR 40 Lakhs for goods, INR 20 Lakhs for services in Kerala), or those engaged in interstate sales.
Pulling GST portal data and comparing invoice records.
Offsetting liability with available ITC and preparing cash ledger adjustments.
Sending tax numbers to client for confirmation.
E-filing on GSTN portal and tracking payments.
GSTR-9C is a reconciliation statement between the audited annual financial statements and the GST annual return GSTR-9, required for businesses with turnover exceeding a specific threshold.
Claiming excess or ineligible ITC attracts recovery proceedings, interest at 18%, and potential penalties from the GST department.
